Bitcoin is a popular service - this much is known - but it is one that is not used very commonly in the United States. It certainly can be utilized and while it is a means of digital money being distributed amongst various parties, I would like to think that existing options like PayPal are far more commonplace. With that said, did you know that there a bitcoin debit option will rise to the surface? It is a story that more than deserves coverage by Bobby Jain.
For those who do not know, Xapo is a company that offers online bitcoin wallets. An article on Wired said that Xapo is about to expand its reach by introducing the first debit card that would allow users to spend their bitcoins like actual currency. It is important to keep in mind, though, that this feature is only limited to locations that except MasterCard and Visa. If you did not believe that the age of digital money was upon us before, it is likely that you will see it that way now.
In the future, any bitcoin user will have the option of linking the account that they have to a debit card option. From what I have seen, this idea presents both a greater ease of use as well as a cutback on the limits that have been in terms of eligible locations. Bitcoin distribution definitely has an audience and Xapo has the clear goal of making transactions with this type of currency as accessible as possible. As a side note, did you know that Xapo is backed by $20 million in VC funding?
If a bitcoin customer were to adopt this particular option, he or she will be allowed a single debit card with minimal restrictions in terms of where to use it. As Bobby Jain can tell you, the good news about this concept only gets better. The article said that the credit card number that is given would be able to check into Xapo for the purpose of seeing if there were enough funds in place to cover every transaction. This could allow for an even greater ease of use, which is a plus for customers, according to names such as Jain.
As time goes on, I am sure that the audience for bitcoins will grow with this particular set in place. One of the main concerns that people may have, as far as finance is concerned, is the idea of flexibility. From what I have seen, a bitcoin debit card entails a greater level of use. From this idea alone, I have no reason to believe that Xapo's idea will not only be able to gain traction but prove to be an effective concept in the long term.
For those who do not know, Xapo is a company that offers online bitcoin wallets. An article on Wired said that Xapo is about to expand its reach by introducing the first debit card that would allow users to spend their bitcoins like actual currency. It is important to keep in mind, though, that this feature is only limited to locations that except MasterCard and Visa. If you did not believe that the age of digital money was upon us before, it is likely that you will see it that way now.
In the future, any bitcoin user will have the option of linking the account that they have to a debit card option. From what I have seen, this idea presents both a greater ease of use as well as a cutback on the limits that have been in terms of eligible locations. Bitcoin distribution definitely has an audience and Xapo has the clear goal of making transactions with this type of currency as accessible as possible. As a side note, did you know that Xapo is backed by $20 million in VC funding?
If a bitcoin customer were to adopt this particular option, he or she will be allowed a single debit card with minimal restrictions in terms of where to use it. As Bobby Jain can tell you, the good news about this concept only gets better. The article said that the credit card number that is given would be able to check into Xapo for the purpose of seeing if there were enough funds in place to cover every transaction. This could allow for an even greater ease of use, which is a plus for customers, according to names such as Jain.
As time goes on, I am sure that the audience for bitcoins will grow with this particular set in place. One of the main concerns that people may have, as far as finance is concerned, is the idea of flexibility. From what I have seen, a bitcoin debit card entails a greater level of use. From this idea alone, I have no reason to believe that Xapo's idea will not only be able to gain traction but prove to be an effective concept in the long term.
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